Abercrombie & Fitch Co. (NYSE:ANF)‘s stock had its “buy” rating restated by analysts at Brean Capital in a research report issued to clients and investors on Friday, AR Network reports. They currently have a $60.00 target price on the stock. Brean Capital’s price target would suggest a potential upside of 22.82% from the stock’s previous close.
Abercrombie & Fitch Co. (NYSE:ANF) traded up 0.17% during mid-day trading on Friday, hitting $48.935. 497,972 shares of the company’s stock traded hands. Abercrombie & Fitch Co. has a 52-week low of $30.06 and a 52-week high of $55.23. The stock has a 50-day moving average of $49.33 and a 200-day moving average of $49.15. The company has a market cap of $3.834 billion and a price-to-earnings ratio of 15.88.
Abercrombie & Fitch Co. (NYSE:ANF) last announced its earnings results on Friday, May 24th. The company reported ($0.09) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.05) by $0.04. The company had revenue of $838.90 million for the quarter, compared to the consensus estimate of $941.66 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was down 8.9% on a year-over-year basis. On average, analysts predict that Abercrombie & Fitch Co. will post $3.24 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on ANF. Analysts at Piper Jaffray Cos. reiterated an “overweight” rating on shares of Abercrombie & Fitch Co. in a research note to investors on Thursday. They now have a $58.00 price target on the stock, down previously from $59.00. Separately, analysts at SunTrust initiated coverage on shares of Abercrombie & Fitch Co. in a research note to investors on Friday, July 19th. They set a “neutral” rating and a $55.00 price target on the stock. Finally, analysts at Standpoint Research upgraded shares of Abercrombie & Fitch Co. from a “hold” rating to a “buy” rating in a research note to investors on Friday, July 5th.
One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty have issued a buy rating to the stock. Abercrombie & Fitch Co. has an average rating of “Buy” and an average price target of $55.08.
Abercrombie & Fitch Co (NYSE:ANF), through its subsidiaries, is a specialty retailer of casual apparel for men, women and kids.
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